After reaching the 4h supply zone and getting rejected heavily from it twice, price is now ranging in a symmetrical triangle. Indicators are not showing clear directions as we would have expected, MACD is showing mixed feelings and RSI is at 50% with price sitting on EMA ribbon. I expect price to reach the 1h demand zone before moving upwards again. However if a breakout occurs from the support line we would be expecting price to reach $3.916 and $3.088 respectively.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.